Business name change

chadfowler · ‎June 3, 2019

Business changed from DBA to LLC at the beginning of the year. Do I file for both businesses even though I did not make income under the dba

PatriciaV · ‎June 3, 2019

It depends. If the LLC is a single-member entity and is the same business you reported under the DBA, you may simply change the business name for Schedule C from the Business Profile (under the Business tab). In this situation, the IRS considers you and the business to be one entity, so Schedule C covers the entire year (regardless of the business name).

If, however, you have elected for the LLC to be taxed as an S-Corp, you will need to file a separate return for this entity (Form 1120-S, available in TurboTax Business).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

PatriciaV · ‎June 3, 2019

It depends. If the LLC is a single-member entity and is the same business you reported under the DBA, you may simply change the business name for Schedule C from the Business Profile (under the Business tab). In this situation, the IRS considers you and the business to be one entity, so Schedule C covers the entire year (regardless of the business name).

If, however, you have elected for the LLC to be taxed as an S-Corp, you will need to file a separate return for this entity (Form 1120-S, available in TurboTax Business).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Business name change